The Housing Bubble and the Environment: Unintended Consequences »
Posted By Shana4Liberty 8 months, 2 weeks ago in NewsToo many houses have been built or contracted to be built, and with a combination of excessively high prices and the lack of demand for houses, these unfinished new developments are causing all kinds of unintended consequences to the environment and to the well-being of nearby property owners.
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Shana4Liberty
I'm a stay-at-homeschooling mom of 4 living in central Alabama, but a native of south Texas. Feel free to friend me and send me ...
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Endoscopy8 months, 2 weeks ago
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I live in Florida and it has had boom and bust in the housing many times. There was a period after Challenger blew up that the area around the Cape was almost a ghost town. whole subdivisions were empty. several other boom and bust scenarios have gone on here since it started to be developed.
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The problem is this is on a national scale this time. Any long term Floridian could have told people that real estate goes up and down and the developers had better be ready for the downturn. -
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CHAM8 months, 2 weeks ago
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My son has a Contracting business. He still has work but it's not like it used to be. Don't know how long the slack will last but he only has a remnant of his original crew.
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I'm not sure whether it was an overbuilding of homes or what. Since he is not a Home builder, I have a great reluctance to blame it all on a housing bubble.-
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fsev418 months, 2 weeks ago
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Agreed Cham, the housing bubble is part of it but I think there may be much more. I don't consider myself a conspiracy theorist, I think there were four planes hijacked by terrorists and flown into buildings on 9/11. I think one person killed JFK. But one thing keeps coming back into my mind as we tear apart the economic mess we're in. Almost nothing is being said about the energy price surge that I feel had a part in the current situation. Energy prices had been on a rise before 2006, but after the election they began a meteoric rise causing families to lose that delicate balance so many families have trying to make the income balance the outgo. Discretionary spending came to a screeching halt. Suddenly folks that had been getting paycheck to paycheck suddenly couldn't pay all the bills food and heat came before the mortgage company.
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Just as suddenly, shortly before the 2008 elections energy prices plummeted more quickly than they had risen. The rise and fall did not appear to be closely tied to rises and drops in demand although that did play a small part. Foreclosures started to rise as well as unemployment in that period. Drill,drill,drill appeared on the scene. GW dropped the executive ban on offshore drilling in a symbolic or political move.
We still don't know what happened in the secret Cheney energy summit. Could there have been a price manipulation to create a crisis that the Republicans could blame on the Democrats in hopes of swinging the presidential vote (and congressional vote for that matter) after seeing the results of the 2006 election? Unfortunately things got out of hand and the unforeseen effect on housing blew the whole economy apart.
It just seems to me that the devastating effect that the energy prices had on the average American worker in the two year period from 2006 and 2008 seem to have been forgotten in the discussions of today's problems. They certainly aren't the singular cause of today's problems but I think they have been given too little attention and their timing just bugs the heck out of me.
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